President Donald Trump announced Friday that his administration is considering tariffs on furniture imports, with an investigation underway and a report expected within 50 days.
“This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union,” Trump posted on his Truth Social platform.
The move reinforces Trump’s America First agenda, with policies aimed at reshoring manufacturing and building the domestic labor market.
Prospective tariff rates are still undetermined, the president said. It is unclear if the rates will vary by nation.
The U.S. Commerce Department is tasked with undertaking the inquiry, with a full economic analysis expected to include reviews of any price dumping schemes—in which businesses sell below cost to drive out competition and gain market share….